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Which sector will Rumble prioritize for growth following the Tether investment by the end of 2025?
2
Resolution / Starting Odds
Video-sharing platform • 25%
Cloud services • 25%
Advertising • 25%
Crypto payment solutions • 25%
Official statements from Rumble, strategic announcements, financial reports
Story
Rumble Secures $775 Million from Tether, Including $250 Million in Cash for Growth
Dec 20, 2024, 10:02 PM
Rumble, a video-sharing platform and cloud services provider, has announced a $775 million strategic investment from Tether, the largest company in the digital asset industry with over 350 million users. The investment includes a primary commitment of $250 million in cash, which Rumble will use to support its growth initiatives. The remaining funds will finance a tender offer for up to 70 million shares of Rumble's Class A Common Stock at $7.50 per share, providing liquidity to shareholders. Following the transaction, Chris Pavlovski, Rumble's Chairman and CEO, will retain a controlling stake in the company. The deal is expected to close in the first quarter of 2025. Tether's investment underscores a shared commitment to innovation, free speech, and future growth, aiming to foster meaningful partnerships in advertising, cloud services, and crypto payment solutions.
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Subscription services • 25%
Advertising • 25%
Other • 25%
Cryptocurrency integration • 25%
Cloud service expansion • 25%
Advertising initiatives • 25%
Other • 25%
Crypto payment solutions • 25%
Other • 25%
Technology development • 25%
Marketing and user acquisition • 25%
Content creation and partnerships • 25%
Increase by more than 5% • 25%
Decrease • 25%
No significant change • 25%
Increase by 1-5% • 25%
Yes • 50%
No • 50%
With a major tech company • 25%
With a major media company • 25%
No major partnerships • 25%
With a major cryptocurrency company • 25%
Below Top 10 • 25%
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Above $15 • 25%
Below $5 • 25%
$5 to $10 • 25%
$10 to $15 • 25%